Stoxx, a well-respected index provider, has teamed up with Bitcoin Suisse and Valour to create a new blue-chip index for crypto assets. This index, which is available as a listed product for investors, aims to identify the top ten most important tokens from the multitude of blockchain projects available in the crypto market. While Bitcoin and Ether are familiar names to many investors, there are thousands of other tokens that are worth considering. However, only a few dozen are likely to remain relevant in the long term.
Stoxx’s digital asset blue-chip index is designed to provide quality and transparency in the crypto world. Market capitalization is just one of many criteria used to determine which projects are included in the index. The index is made up of projects that have proven their worth and are expected to remain relevant in the future. By focusing on established projects with proven success, the index has outperformed both Bitcoin and Ether in recent years.
This new index allows investors to easily buy a listed investment vehicle to gain exposure to these projects. Other providers, such as Amina, Sygnum, and 21Shares also offer crypto indices with listed products. However, Stoxx is likely to have greater credibility among institutional investors due to its reputation as a subsidiary of Deutsche Börse.
The corresponding exchange-traded product for the index is already trading on Deutsche Börse, with an official launch set for next Tuesday. This provides investors with a regulated and transparent way to access a diversified portfolio of crypto assets. In a market filled with fashionable and short-lived trends, this new blue-chip index aims to provide stability and consistency for investors by focusing on established projects with proven success.
